Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

HK Type 4 license through Ballingal Investment Advisors Ltd. 

I'm a highly experienced sell-side analyst with in excess of 22 years of covering Asia Pacific equities, the past 19 years immersed in event strategies encompassing M&A risk arbitrage, directional long/short, stub trades and restructuring.  

My background also includes accountancy (liquidation/bankruptcy/receivership) earlier in my career and as a chief financial officer of a global commodity company based in the US and Mexico.

Pan-Asia Catalysts/Events

Fengxiang (9977 HK): Offer Doc Out. Tender Now Or Sell In The Market

Fengxiang (9977 HK): SPA Completed. Now For The Unconditional MGO

Fengxiang (9977 HK): PAG's Unconditional MGO And Proposed Delisting

Quiddity Advisors

Event-Driven

<ul>
<li>Unless investing for the back-end, it was a no-brainer once the Composite Document for PAG Capital's unconditional mandatory Offer for <strong><a href="https://www.smartkarma.com/entities/shandong-fengxiang-co-ltd-h" target="_blank" data-smartkarma-citation="entities:29164:1" rel="noopener">Shandong Fengxiang (9977 HK)</a></strong> was dispatched.</li>
<li>At the time of the Doc, shares were trading through terms. You could have sold in the market; or opted to tender.</li>
<li>The General/H-class meetings were held yesterday, the 18 January, to vote on delisting Fengxiang. There was no guarantee this would occur. And it didn't. Yet the Offer remains open.</li>
</ul>


Unless investing for the back-end, it was a no-brainer once the Composite Document for PAG Capital's unconditional mandatory Offer for Shandong Fengxiang (9977 HK) was dispatched.
At the time of the Doc, shares were trading through terms. You could have sold in the market; or opted to tender.
The General/H-class meetings were held yesterday, the 18 January, to vote on delisting Fengxiang. There was no guarantee this would occur. And it didn't. Yet the Offer remains open.


Fengxiang (9977 HK): A Delisting Fail That Is No Biggie